Broadcom Enters Earnings As Citi's Top Semiconductor Pick
View original at finance.yahoo.com“Trading above 80 times trailing earnings near a $2 trillion market cap, there is limited tolerance for execution stumbles.”
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Broadcom guided for revenue of roughly $22 billion in the June fiscal quarter, representing nearly 47% year-over-year growth
60% confidenceBroadcom's $73 billion AI order backlog spanning custom accelerators, networking chips, and related components with deliveries expected over the next 18 months provides revenue visibility that insulates it from demand volatility
60% confidenceBroadcom price target raised from $475 to $500 with Buy rating maintained
60% confidenceAI semiconductor revenue projected at $10.7 billion for fiscal Q2 2026
60% confidenceBroadcom is Citi's top semiconductor pick for 2026
60% confidenceBroadcom's business model is fundamentally different from Nvidia's — it works with a concentrated group of hyperscale companies to design custom silicon for specific workloads rather than selling general-purpose chips into a broad market
60% confidenceAnalysts are modeling earnings per share of around $2.32 for fiscal Q2 2026, compared with $1.60 in the same quarter last year
60% confidence